Spain - Taxes on goods and services (% of revenue)

Taxes on goods and services (% of revenue) in Spain was 27.45 as of 2019. Its highest value over the past 47 years was 28.75 in 2017, while its lowest value was 15.46 in 1982.

Definition: Taxes on goods and services include general sales and turnover or value added taxes, selective excises on goods, selective taxes on services, taxes on the use of goods or property, taxes on extraction and production of minerals, and profits of fiscal monopolies.

Source: International Monetary Fund, Government Finance Statistics Yearbook and data files.

See also:

Year Value
1972 28.06
1973 28.54
1974 24.52
1975 22.62
1976 20.47
1977 17.54
1978 17.73
1979 16.91
1980 15.82
1981 17.41
1982 15.46
1983 17.62
1984 17.08
1985 20.67
1986 28.55
1987 24.97
1988 24.47
1989 23.03
1990 21.98
1991 21.70
1992 22.53
1993 20.40
1994 23.20
2017 28.75
2018 27.95
2019 27.45

Limitations and Exceptions: For most countries central government finance data have been consolidated into one account, but for others only budgetary central government accounts are available. Countries reporting budgetary data are noted in the country metadata. Because budgetary accounts may not include all central government units (such as social security funds), they usually provide an incomplete picture. In federal states the central government accounts provide an incomplete view of total public finance. Data on government revenue and expense are collected by the IMF through questionnaires to member countries and by the Organisation for Economic Co-operation and Development (OECD). Despite IMF efforts to standardize data collection, statistics are often incomplete, untimely, and not comparable across countries.

Statistical Concept and Methodology: The IMF's Government Finance Statistics Manual 2014, harmonized with the 2008 SNA, recommends an accrual accounting method, focusing on all economic events affecting assets, liabilities, revenues, and expenses, not just those represented by cash transactions. It accounts for all changes in stocks, so stock data at the end of an accounting period equal stock data at the beginning of the period plus flows over the period. The 1986 manual considered only debt stocks. Government finance statistics are reported in local currency. Many countries report government finance data by fiscal year; see country metadata for information on fiscal year end by country.

Aggregation method: Median

Periodicity: Annual

Classification

Topic: Public Sector Indicators

Sub-Topic: Government finance